Article Text
the theft of bonds as charged Sullivan oy of William Abbott, former man. now a resident of Texas. Following Lang's disappearance in Abbott filed a claim against he 1928, bank for the bonds, which safe the asserted had been placed in keeping there with Lang. Victim of Circumstances Abbott had withdrawn the bonds he left Sullivan, Lang con- he before today, declaring also that withtended could show a receipt for the drawai. Abbott claim and the resultThe suit were the immediate causes ant of the closing of the bank. Belief that Lang will defend hima "victim of circumstances" that self and as the problematical defense as will involve other men is seen, the preparations are made to bring hear the grand jury out of recess to to of the man who was urged return story to Sullivan by his friends and "clear it all up.' Released on Bond Released on a bond signed by his friends, the aged banker told North today of his wanderings in Ohio, return South Carolina, and his There and here from Spartanburg, S. C. clerk. he was employed as a hotel He told how at one time, destitute, filling took employment as a S. C. station he attendant at Florence, met in Importuned by friends he to reKnoxville, Tenn., he agreed to "face the music, Monday and turn he arrived in Vincennes Sullicompleted night the trip by auto to van. was met by Weslay Williams, Richard He county sheriff, and CitiBailey, Sullivan former president of the zens Trust Campany. Lang was questioned at length result the trip, but the revealed. of throughout the questioning was not Key to Series of Crashes alleged irregularities in closed the The company, which was retrust 23, 1928, and thrown into Feb. were said to total $15,000 $5,000 ceivership, in forged notes and possibly in cash. the return of Lang, state lid With officials hope to lift holds the the banking mystery box that in off key of to a a series of bank crashes Sullivan believed county. that Lang can open the It doors is to deals that involve Shelthe First State Bank of defunct and the episodes that death tripped of burn themselves in the of Edgar over D. Maple, vice-president and People's National Bank conviction the Company, and the BoTrust embezzler of Jessup P. State linger, as an president of the First Bank of Shelburn. Florida Fiasco in Tangle the tangled skein of oil, real In and bonds, which involves there estate Sullivan county bankers, Florida is these twisted, too, the snarl of a land fiasco. Three figures prominent in involved Indipolitics are said to be bank ana this welter of oil deals, in closings, and bursting land bubbles, be for two notes, said to United $5,000 through and $2,500, signed by a repreStates senator, an Indiana Terre sentative in congress, and shares a Haute politician, given for com- in Florida land development signs pany, a which shows no further of life. These two notes, it is expected, of be listed among the assets Lee F. will Bolinger, by his attorney, of Sullivan, in the bankruptcy former proceedings Bays brought by the bank president's creditors. list of assets was due to have This filed March 8 with Everett referee been of Clinton, federal Inin Davisson bankruptcy for southwestern diana. Bolinger Confessed Bays obtained a ten-day exten- in because of the manner insion Bolinger's assets were list volved which and was due to file the Monday morning at 10 a. m. failed to do so and explained total that He he had not completed the listing. the claimants are total- three Among who are holding notes ing banks, about $200,000 which were forged by Bolinger. Within a few hours after his ar- to Jan. 16, Bolinger confessed was rest. forgeries, and a week later to the to the state prison fourserve on his a way term of from two to teen years. declared when brought officials Bolinger bank examiners and explain before Shelburn bank to his forgof the forgeries that he began on a his dropping $35,000 "hot ery tip after in 1923 to buy Sinclair oil.